"business-news"

A power tussle is brewing within the Tata Trusts as Noel Tata managed to get his son Neville appointed to the Sri Dorabji Tata Trust, but failed to push the same move in the Sir Ratan Tata Trust due to internal objections

Listing of Tata Motors Commercial Vehicles business comes after Tata Motors was split into two independent listed entities

On July 26, 2023, the Mumbai-based diversified firm had announced the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 417 crore 

The drug major continues to see healthy demand across key markets, with US and Europe businesses performing in line with expectations, said its Vice-Chairman and Managing Director K Nithyananda Reddy

Microsoft will allow Microsoft 365 Copilot interactions to be processed locally in 15 countries by 2026, including India. The move enhances data security, sovereignty, and compliance for governments and regulated industries, following recent legal and operational updates in India

Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow

Case relates to alleged suicide of a 38-year-old employee, K Aravind, who reportedly left behind a death note accusing his seniors of workplace harassment

Jio Platforms reported a 12.8 per cent year-on-year rise in net profit to Rs 7,379 crore for Q2 FY26, driven by higher ARPU and strong uptake of JioAirFiber. Reliance Jio added 8.3 million subscribers, with data usage rising to 38.7 GB per user monthly.

Wipro reported a marginal 1.2 per cent rise in Q2 net profit to Rs 3,246.2 crore, with revenue up 1.7 per cent to Rs 22,697.3 crore. CEO Srini Pallia emphasized strengthening growth in Europe and APMEA and scaling operations with AI-led strategies

MedPlus Health Services shares fell over 3.6 pre cent after its subsidiary, Optival Health Solutions, received a 15-day drug license suspension at a Karnataka store, potentially affecting revenue. Despite setbacks, CareEdge reaffirmed its financial ratings for the company’s bank facilities

Dr Reddy’s Laboratories and Zydus Lifesciences are recalling certain medicines from the US after USFDA found manufacturing and quality issues. The recalls, affecting muscle relaxant and hepatitis B drugs, are precautionary and classified as moderate-risk (Class II)

UIDAI Deputy Director General Abhishek Kumar Singh urges bankers to come on board, calls its the easiest and fastest way to authenticate users

Cheques deposited from October 4 will be cleared within a few hours on the same day under the RBI guidelines

Company, however, refutes allegation; says only a limited number of employees have been affected at its Pune office

Governor Sanjay Malhotra said the central bank is examining a proposal to allow lenders to remotely lock mobile phones bought on credit in case of default in EMI payments; rules out any charge on UPI transactions

The Seattle coffee giant will notify employees whose positions are being eliminated on September 26

Srini Gopalan's appointment comes as US President Trump signed a proclamation imposing a staggering USD 100,000 fee on new H-1B visas

Maruti Suzuki has slashed prices across its entire model range by up to Rs 1,29,600 from September 22, passing on GST rate cuts. Entry-level cars received deeper reductions, encouraging two-wheeler users to upgrade while boosting passenger vehicle sales

Hyundai Motor India has signed a 3-year wage settlement with the United Union of Hyundai Employees, offering a Rs 31,000 monthly salary hike to technicians. Effective April 1, 2024, the structured hike also retains existing employee welfare schemes and benefits nearly 2,000 workers

Online gaming platform Zupee is laying off 170 employees — 30% of its staff — after the government banned real-money online games in August. The company is offering financial and medical support to those impacted while adjusting to the new law